₦airaland Forum

Nothing much
He is just very passionate about the best parry in Niger. He deserves a ministerial appointment by jagaban

Story for the gods

maasoap:
Who to blame other than Tinubu? He came and floated Naira without even stepping into the office first, without knowing what was on ground. He doubled the revenue and allocations but expenses also increased by multiple of four or higher in some cases.



And now that both crude oil and petrol will be sold in naira, what is the excuse again?
These people and organisation are corrupt elements, we all knew

Ok 1st I have no business supporting tinubu

Second
Nnpc cannot sell crude oil in naira. They will only convert it from dollar equivalent to naira. Example if 1barrel of crude is $70, nnpc will sell to dangote at maybe 70 x 1600naira.

Reason is that over 90% of all expenditures in oil and gas is made in dollars. Equipment, maintenance, personnel etc. Total, chevron etc benchmark all personnel expenses to Dollars. So there is no way they can sell in naira. If nnpc sell Nigeria's share of petrol cheap, how will they respond to dollar investments required to keep the oil flowing?

drLammy:
Dont you think those concessions should be made open?

Ok lemme break it down a little

NNPC doesn't pay cash for petrol neither will dangote pay cash to buy crude oil. As long as dangote is selling to Nigeria, that's the best business model he can use. Independent marketers cannot offer that.
The concessions maybe reducing the price of crude and in turn getting discount on petrol. If Independent marketers enter the business, you can't buy petrol from them less than 1300

Ask yourself when has Independent marketers ever sold cheaper than nnpc? They were selling 850 when nnpc was still selling 591. Have you asked why?

Franking:
Are you sure? Even when the crude wasn't imported? What's the price of a barrel of crude oil?

Check Google
Convert the Google price to naira
Add processing cost in dollars and convert to naira
Do the same for transportation cost
And let's see what you got

Xkonzult:
U did not ask urself d simple question,wut made landing cost within months to shoot up sporadically while tinubu assumed office and it was reasonably stable with buhari....
Let me educate ur block tribal head
The answer is simple: WRONG APPLICATION OF SAME SUBSIDY REMOVAL OK...WITH. A FEW OTHER INHUMANE POLICIES,
Nigerians and u are not d ones to b slaughterd on d auspice of MAKE SACRIFICES,D LEADERS ARE D ONES....they are even much more financially endowed as a result of d bad policies

If I ask you which tribe am from now, you will say yoruba. Anyway that's not my business
I stated the fact that without subsidy imported fuel won't cost less than 1500. The rise in landing cost you tried to rudely explain didn't negate my statement but tried to posit a causal effect.

maasoap:
You are doing guesswork, nothing more. Did your comment explain why NNPCL made itself the sole buyer of DR petrol?
If petrol is 1500 naira litre without subsidy, was that mean Buhari was paying N1300 per litre as subsidy? When government itself made it clear that amount of subsidy per litre wasn't the problem but the amount of litres of petrol that importers were claiming to have imported.
How much is barrel of crude oil that a litre of petrol won't be less than N1500?

Dollar skyrocketed
From 400 during buhari time to 1600 today
Petrol is sold in dollars not naira. Transportation cost is in dollars too

Putting all those factors together, petrol won't be less than 1500 per litre.

lexy2014:
That 1500 per litre, what percentage of it was covered by subsidy?

Minus how much you bought it before

drLammy:
Dont you think if its the true price without subsidy, NNPCL shouldn't be the sole off-taker of the product from Dangote refinery unless there's some hidden arrangement.

Do you know what is crude/Petrol swap? During this kind of swap, some concessions can be made during that transaction. Can independent marketers offer that?

If you think the total cost of imported fuel was less than 1500, then you are mistaken

Nnpc was paying subsidy on a low key, that was the reason fuel price was what it was

The new price of dangote is the true price without subsidy

Sonyboom765:
I eat good food daily in Lagos n own more than two houses, right now it doesn't get beta than that. And just so you know those houses are on Orchid n festac or Orile.

Plus I feed more wretched souls like you jobs with petty jobs I grant them daily in Ladipo each time I go to fix cars I want to sell.

Extra when a foolish ipob retard like you dies your will be buried in a large sitting as na your pap get Lagos n people will stop prospering.

Oloshious fellow everywhere you turn from Ipobland.

No be only orile, Festac
Online landlord
You own 50 online estates ode
Person wey neva chop today ooo.
You go to ladipo to fix your danfo
And when they are helping you elongate the life of your already dead car, you are there hating them and being bitter about their presence

Call the children in your face me I slap house and tell them the rubbish you just typed here

Obrigardo:
Idiot.
You think calling someone gay is an insult?
You maga cultists are incredibly stupid and full of hate.

Another angry guy spotted

Sonyboom765:
Now I see it is a generational problem n not just a tribal one plaguing your soul.

You assume everyone should accept the definition of owner by hopeless ipob like you as what real owner is. The owners of Lagos are the indigenous people inhabiting Lagos not any delusion you foolishly as to spew out of bigotry delsuion or any other form of stupid tormenting your soul.

Dangote own several of the biggest businesses in Lagos he does not make noise claiming he is owner of Lagos n that goes for more others. Now you can shove your foolish explanation down the throat of your foolish ipob relatives not those of us more knowledgeable than your father. Your long epistle explaining how foolish you will be till your doom is not what "real owner" mean. We know what it mean without any explanation for an hopeless clown like you.

What work have you even done in your life to make money n how much money do you have to determine anyone responding to your comment stay in a face me n face your ? For all I know you might be another wretched soul making mouth like the LP guy they raise money to save him from wretched yet he was the most vocal at the polling unit claiming billionaire.

Oya owner of lagos, carry your ownership card and go and eat free food or get a good house in Island.
Since young children like you have refused to move with the times. Keep claiming ownership while being jobless. 1 single plot of land on your so called father's property, you don't own.

Don't go and find job, keep running around thinking life is all about my tribe my tribe.

You will die and be buried in one small chunk of land and people from all walks of life will keep prospering in lagos. You can choke on that hatred

AntiMarxist:
Dangote is a honoury Lagosian and not you gala merchants.

Return back to that your condemned yeast already.

Your nuisance level is getting too much.

Lol honorary
But still enjoying lagos more than the so called "lagos is our own" people

Oya lagos is your father's own. Use it and go and find a job in a good company in lagos. Or use it and change your miserable life. You will die and be buried and people of all tribes (both those you hate) will still be prospering on lagos.

You can walk up to the next Igbo man you see in lagos and tell him to return to east since that's the extent your frustration have driven you.

Keep hating and weeping, every hardworking person will still be prospering there.

AntiMarxist:
So Lagos and other places outside your condemned yeast are racist and tribalist to have indegenous people but only that your cannibal hellhole crime sink has the right to flaunt indegenous people.

A time will come like several times in the past that they won't need to chase you or tell you to run back to your snake den in the yeast.

Dangote has the largest investment in Lagos but you never see him dragging Lagos ownership but you IDPs fleeing hunger and desperation from your condemned yeast can open your gutter mouths to claim you own Lagos.

Your Zik failed .

Your Ojukwu attempted and failed.

Is it you pigs with your dingy 2×4 makeshift shops that will succede ?

Arrant shameless people

You are still lamenting like an idiot. Dangote is enjoying lagos, such people are the real stakeholders in any land. If you want remain under oshodi bridge and be lamenting. Don't go and hussle. I don't do all those tribal rubbish.
If all of us agree your father owns lagos, what good will it do to your miserable life. Oya you own lagos. Use it and go and find job

Useless things

Candidlady:
So what??

Lesbian spotted

Salewa97:
Harris is a pro

Gay spotted

AntiMarxist:
Lagos for Yorubas

If you like wail and curse your father till eternity you will never be accepted as a lagosian

Oya na take it and go and eat free in any eatery you find in lagos. Jobless things. My dream is not to be identified by any state. I want to exploit any state I find opportunities.

U reek of mediocrity. Foolishness things

WeddingParol:
I initially didn't want to respond to your folly, but you kept showcasing your ignorance at the detriment of your tribe men.

For your Information, I own a property in the heart of Lagos, mind you, not in a suburb.

You that you are still in the village waiting for someone to take you to Lagos to serve oga as nwaboy, you are here making empty noise.

The owners of Lagos controls the economy of Lagos and not in a 5 by 6 shops selling only God knows what.

Property in the heart of lagos kee you there. Heart ko kidney ni.
The property you bought with your fingers on the keyboard abi.

A man doing very well in lagos can't be interested in who owns lagos, because you can't prosper in lagos without your business cutting across all tribes. That's how I benchmark useless idiots.

Don't go and hussle. Be there lamenting who owns lagos or not.

Sonyboom765:
The diesel he as been selling cheaper than all the marketers n importers combined did he buy them in Naira. My foolish brother may your foolish soul not perish of foolishness.

What do you even know about petroleum products in the first place? Ok let me clear your ignorance small?, there had not been any subsidy on diesel and other petroleum products aside PMS. And I don't intend to tell you the source of more than 80% of diesel you use in this country.
So diesel is being sold at its true price. Therefore it has to be cheaper. The true price of imported PMS should be more than 1500. So if there is no NNPC intervention, dangote won't sell less than 1300 (which is still cheaper than marketers and imported)

I know am wasting my time on a dummy like you, but I don't mind.

All this lagos this lagos that analysis from people who haven't even fed well or slept in a good house since they started living in lagos

Meanwhile people who are making millions from lagos don't care who owns the lagos.

Why don't you dummies rather use the energy used in arguing who owns lagos to work hard and enjoy the lagos

The real owners of lagos are those who are exploiting lagos to their benefits. The oshodi man under bridge or mushin face me I face you occupant arguing about the ownership of lagos is a complete idiot

The world is moving faster and yet fools are stucked in the past

Sonyboom765:
And you think Dangote can not do that ? If he goes into drilling it is your igbos that will still come out lamenting he as stolen all your oyel.

Sharrap there
Just stick to your tribal bigotry and leave what you don't know. Since that's the only thing your brains are full of

So he will go into drilling using a naira based operations abi. Buy his equipment in naira, fund the investments in naira, pay expartriates in naira. That's how dumb you sound
Kindly visit the hospital and check what exactly is inside your skull

When I see ignorance I know
OP come for small education
Dangote needs crude Oil mainly produced by multinationals whose benchmark for crude oil cost and expenses are in dollars

Now you can ask tota, spdc, chevron etc to give NNPC Nigeria's 55% stake of crude oil in Naira, meanwhile all expenses (maintenance, personnel, equipment) are in dollars

So if NNPC sells to dangote in dollars l, how will they contribute their portion of cash call for the JV operations

Normally NNPC should sell to dangote in dollars, and dangote sell petrol to you in dollars, but if that's done petrol will be more than 1500. That's why they rather do a crude to petrol swap.

You should rather ask dangote to drill his own crude oil

Abia
Imo
Should do the same

The massive oil palm and rubber plantation should come back to life.

AntiMarxist:
Lolz

Coming from a tribal bigoted hypocrite that is constantly wailing online about being rightly rejected.

Nah you e pain pass.

I put iddiotss who behave like you in place. In your head now you think you are more than agbero. Or you think asides constituting nuisance, your little life matters to anybody.

AntiMarxist:
You have laid your bed.

Do not blame others
.

Nah by force to like you ?

Sharrap there. Tribalism kee u there
U will carry that hatred to your grave and nobody will still care. Agbero mentality

etrouble:
You are showing advanced symptoms of chronic psychiatric disorder

There is nothing like that rubbish you typed there.

Bigots are foolish human beings. Some mothers should have been better off using pills than producing useless tribalists

AntiMarxist:
See this one.

We know the most ethno-religious bigots in this corner of the world.

You can't be sowing hatred and expect love in return.

Have you asked why others are inclined to be wary of you ?

One idiot on track
Other useless fellows loading